It was bad enough that Raja Albo aborted wage growth and dropped a rent bomb via the mass immigration of Indian scabs. Now he has been busted stuffing his face with curry at the table of his fellow Kshatriyas as he sells your border for ALP baksheesh. Anthony Albanese was the star attraction at a
In 2009, the former Rudd government decided to allow temporary migrants to acquire Australian homes. The subsequent surge in temporary migration, especially among international students (with China accounting for the largest proportion), increased the demand for residential properties in Australia from foreign nationals. Opposition leader Peter Dutton promised that, if elected, he would ban foreign
Following the Fed, the ECB meeting last night saw another rate cut which helped boost European stocks and pushed the USD higher until the latest US GPD print which missed slightly, upsetting some expectations. Toss in a bit of Apple earnings and other tech volatility and Wall Street basically came out on top but we
DXY is back. AUD is not. Lead boots is also back. There’s no denying gold’s new drivers now. Commod prices are differentiating around tariffs. Miners dead cat bounced. Wanna be Deepsuckered by EM? Junk hope. Yields not convinced. Europe turning red hot. There are the beginnings of a rotation away from US exceptionalism plays but
CoreLogic’s daily dwelling value results for January show that home values across the five major capital city markets declined by 0.2% over the month, driven by falls of 0.4% and 0.6% across Sydney and Melbourne. By contrast, home values across Brisbane (0.4%), Adelaide (0.7%), and Perth (0.4%) rose in January. Over the three months to
Domain’s house price reported a median house price for Sydney of $1,645,444 at the end of 2024, more than double the $811,000 median price in 2014. The following table illustrates that Sydney’s median house price is around $580,000 higher than Canberra, Australia’s second most expensive capital city. A recent CBA analysis revealed that Sydney’s housing
Asian stock markets are barely positive in reaction to the slightly hawkish tone the Fed took last night at the latest FOMC Meeting, with volatility still looking through the increasingly isolationist and tariff based US trade policies. The USD was pushed slightly higher overnight and has held on to most of those gains going into
In generations past, Australian businesses trained their workers. It was common for an Australian to finish high school or university and then take up an internship or graduate role at a company to gain vital skills and experience. This century has witnessed the decline of internships and graduate programs across Australian companies. In the mid-2000s,
Late last year, Australian Prudential Regulation Authority (APRA) chairman John Lonsdale warned that the number of Australian households experiencing severe mortgage stress had nearly doubled since 2016 and was trending higher amid the Reserve Bank of Australia’s (RBA) aggressive monetary tightening. Lonsdale added that Australians are overexposed to mortgage debt. “Residential mortgages make up two-thirds
Yesterday I recounted the shocking history of Grattan Institute’s destruction of Australia’s energy transition, sponsored all along by the East Coast gas cartel. Today it returns to finish the job. In the time since then, gas prices in Australia have stayed high, and a further problem, evident for more than a decade, has now crystallised